February 03, 2015
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Abbott reports $20.2 billion in 2014 net sales
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Abbott reported net sales of $20.2 billion for 2014, a 3% increase from 2013, according to a press release.
Yearly net earnings totaled $2.3 billion compared with $2.6 billion the previous year, a decrease of 11.3%.
Total diluted earnings per common share increased to $2.28, 13.4% higher than the previous year.
Medical Optics 2014 sales totaled $1.2 billion, an increase of 8.5% on an operational basis and 6.5% on a reported basis from the previous year.
Sales of cataract products represented about 70% of Medical Optics sales and increased in the fourth quarter globally on an operational basis. The growth was offset by market declines in the refractive and corneal businesses, the release said.